“One way our brain helps keep us safe is to protect us from an awareness of our weaknesses. The brain believes that it is better to be falsely confident than recognize the real risks. This protective mechanism tends to work against us in trading.” Kenneth Reid, Ph.D

MINDING THE MIND

The mind can play tricks on us. Intuitive Trading is an attempt to mind read the market, which makes us susceptible to whipsaws. Hindsight Bias causes traders to underestimate the difficulty of trading, while Competency Bias causes us to over-estimate our abilities. These are mental banana peels that set us up for a fall.

INTUITIVE TRADING

Intuitive trading is a natural response to excessive randomness and non-linearity in the market. But making informed guesses is not the same as formulating a rule-based pattern-recognition system that gives a trader a true edge. Without a rule-based plan, intuitive traders expend a great deal of energy mindreading the market, which will not improve your odds of success. In fact, professional traders make a good living exploiting the emotionally-driven behavior of intuitive amateurs.

Good Trading!

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Futures Trading Levels

3-07-2018

Contract March 2018

SP500

Nasdaq100

Dow Jones

Mini Russell

BitCoin Index

Resistance 3

2759.83

7007.75

25384

1595.37

12481.67

Resistance 2

2747.17

6973.50

25215

1578.93

12068.33

Resistance 1

2735.58

6940.25

25032

1568.77

11396.67

Pivot

2722.92

6906.00

24863

1552.33

10983.33

Support 1

2711.33

6872.75

24680

1542.17

10311.67

Support 2

2698.67

6838.50

24511

1525.73

9898.33

Support 3

2687.08

6805.25

24328

1515.57

9226.67

Contract

Apr. Gold

May Silver

Apr. Crude Oil

June Bonds

Mar. Euro

Resistance 3

1362.2

17.46

64.19

144 13/32

1.2545

Resistance 2

1351.1

17.18

63.74

144 1/32

1.2487

Resistance 1

1343.1

16.97

63.08

143 19/32

1.2452

Pivot

1332.0

16.69

62.63

143 7/32

1.2395

Support 1

1324.0

16.49

61.97

142 25/32

1.2360

Support 2

1312.9

16.21

61.52

142 13/32

1.2302

Support 3

1304.9

16.00

60.86

141 31/32

1.2267

Contract

May Corn

May Wheat

May Beans

May SoyMeal

Apr. Nat Gas

Resistance 3

392.3

523.9

1085.33

400.00

2.83

Resistance 2

390.4

515.8

1081.42

397.20

2.79

Resistance 1

389.3

511.4

1078.08

392.60

2.77

Pivot

387.4

503.3

1074.17

389.80

2.74

Support 1

386.3

498.9

1070.8

385.2

2.7

Support 2

384.4

490.8

1066.92

382.40

2.68

Support 3

383.3

486.4

1063.58

377.80

2.66

Economic Reports, source:

http://app.bettertrader.co

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

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RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.